Japan pledged to provide India with a loan of up to JPY 100 billion (USD 940 million) for the construction of Mumbai’s metro system, and JPY 49 billion (USD 470 million) for other infrastructure projects. Japan’s Foreign Minister Taro Kono and Indian External Affairs Minister Sushma Swaraj oversaw the signing of notes on the loans after they held the ninth round of a bilateral strategic dialogue in Tokyo. The other JPY 49 billion in loans will cover technology to reduce traffic congestion and a desalination plant in Chennai in the southern state of Tamil Nadu, as well as tree-planting activities in the northern state of Himachal Pradesh.
“Japan has contributed to India’s nation building for many decades as a development partner … we will continue to actively support regional development, including by strengthening connectivity in the Indo-Pacific region,” Foreign Minister Taro Kono said.
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